Equity funds worldwide post new record inflows

Inflows into equity funds hit a one-year high for the second week running as investors continued pulling cash out of money market funds and putting it back to work, according to EPFR Global, which tracks more than $10 trillion in funds worldwide. In doing so, the data provider says investors showed an increased appetite for diversified exposure and for exposure to developed rather than emerging markets. Net inflows to equity funds worldwide reached $9.56 billion in the week ending Au…